Hello and welcome! This is my first blog post and I’m really excited to get started. I’ve wanted to share my experiences with you and answer questions that I get all the time as a REALTOR® here in Northern VA. My intent is to try and be as informative as possible and help you navigate the world of real estate. Whether you are buying or selling, they each present their own set of circumstances. I am here to talk about things that come up and to help take the stress out of buying or selling your home.
When someone mentions real estate, so much comes to mind. It can be scary! It’s one of the major purchases you will make in your life. There’s a lot at stake. But as scary as it may be, there is also a lot of pride and joy to be had. You are now an adult! LOL! It’s the first step in growing wealth. Here in the Washington DC area, for every 10 yrs you own your home, you can expect a 4% average increase of equity. Some years are more, some are less, but if you hold on to the property, that is what you can expect. And the numbers back it up. Can your current financial institution provide you that?
Currently, the market is on fire! We are in the middle of a Seller’s market, where inventory is low and the demand is high! According to Northern Virginia Association of Realtors® Chairman of the Board Bob Adamson, “While rising interest rates are not holding back serious Northern Virginia buyers, the Achilles heel of our market is still our lean inventory with only a two months’ supply. Multi-family construction has reached its peak. Entry level buyers have very little to choose from in the price range below $400,000.” NVAR also stated that the average home sale price rose in March to $565,964 compared to last March. This is up 5.27 percent compared to March 2016, when the average price was $537,628.
As you can see, there is no better time to invest in real estate. Contact me to get started. I’m here to help you realize your real estate dreams:-)
Irene D. Molnar, REALTOR® 